CMS Energy Corporation $CMS Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in CMS Energy Corporation (NYSE:CMS) by 3.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,581,115 shares of the utilities provider’s stock after acquiring an additional 50,475 shares during the period. Dimensional Fund Advisors LP’s holdings in CMS Energy were worth $122,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new position in shares of CMS Energy during the 1st quarter worth $31,000. Parallel Advisors LLC lifted its position in CMS Energy by 11.5% in the first quarter. Parallel Advisors LLC now owns 4,101 shares of the utilities provider’s stock valued at $318,000 after buying an additional 424 shares during the last quarter. KBC Group NV lifted its position in CMS Energy by 6.9% in the first quarter. KBC Group NV now owns 28,993 shares of the utilities provider’s stock valued at $2,249,000 after buying an additional 1,877 shares during the last quarter. Swiss National Bank boosted its stake in CMS Energy by 8.9% during the first quarter. Swiss National Bank now owns 893,100 shares of the utilities provider’s stock worth $69,287,000 after buying an additional 72,800 shares during the period. Finally, Spartan Wealth Advisory Services LLC purchased a new position in CMS Energy during the first quarter worth about $236,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the transaction, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMS. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Barclays lifted their price objective on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Jefferies Financial Group set a $78.00 target price on CMS Energy in a report on Thursday, July 16th. KeyCorp downgraded CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Finally, Morgan Stanley set a $77.00 price target on shares of CMS Energy in a research note on Thursday, May 21st. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.33.

CMS Energy Price Performance

Shares of NYSE CMS opened at $74.15 on Tuesday. The stock’s 50-day simple moving average is $74.26 and its 200-day simple moving average is $74.75. The firm has a market capitalization of $22.91 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.35. CMS Energy Corporation has a fifty-two week low of $68.64 and a fifty-two week high of $80.36. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, August 7th. CMS Energy’s payout ratio is currently 62.98%.

About CMS Energy

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.